AMT vs CWK vs JLL Stock Comparison

American Tower, Cushman & Wakefield and Jones Lang Lasalle Prices as of Oct 23, 2026 Peers: Industry group
AMT American Tower Corp /Ma/
$188.97 +10.6% 1M -0.7% 1Y
Market cap
$87.68B
P/E
25.8x
Revenue (TTM)
$10.94B
Div. yield
–
Tower REITs Real Estate
4 wins
CWK Cushman & Wakefield Ltd.
$11.81 -4.1% 1M -29.7% 1Y
Market cap
$2.78B
P/E
40.3x
Revenue (TTM)
$10.82B
Div. yield
–
Commercial Real Estate Services Real Estate
1 win
JLL Jones Lang Lasalle Inc
$300.19 -7.3% 1M -5.1% 1Y
Market cap
$13.88B
P/E
13.9x
Revenue (TTM)
$27.43B
Div. yield
–
Commercial Real Estate Services Real Estate
6 wins

Head to Head

11 decided of 12

Jones Lang Lasalle leads on 6 of the 12 questions below (Jones Lang Lasalle 6, American Tower 4, Cushman & Wakefield 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMTCWKJLLLeader
Larger companyMarket capitalisation $87.68B $2.78B $13.88B AMT
Cheaper on earningsLower P/E, profitable companies only 25.8x 40.3x 13.9x JLL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.0x 7.7x 12.5x CWK
Faster revenue growthRevenue growth, trailing twelve months +6.6% +11.0% +11.2% JLL
More profitableNet margin, trailing twelve months 31.1% 0.6% 3.6% AMT
Better return on capitalReturn on invested capital 9.2% 7.0% 10.6% JLL
Less leveragedLower net debt / EBITDA 5.1x 3.7x 0.9x JLL
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -0.7% -29.7% -5.1% AMT
Better 5-year returnAnnualised price return, 5 years -7.9%/yr -8.7%/yr +2.7%/yr JLL
Less volatileAnnualised volatility, 1 year 28.5% 45.5% 36.0% AMT
Higher overall scoreMean of the five percentile scores vs peers 56/100 38/100 70/100 JLL

Percentile Scorecard

AMTCWKJLL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMTCWKJLL
Valuation 30 #8 of 11 65 #7 of 18 94 #2 of 18
Growth 89 #2 of 10 27 #12 of 16 87 #3 of 16
Profitability 67 #4 of 10 40 #10 of 16 87 #3 of 16
Financial Health 40 #7 of 11 19 #14 of 17 56 #8 of 17
Shareholder Returns – – 29 #6 of 8
Overall 56 38 70
  • AMT ranked among 11 companies in Infrastructure REITs
  • CWK ranked among 19 companies in Real Estate Services
  • JLL ranked among 19 companies in Real Estate Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMTCWKJLLSPY
1 month +10.6%-4.1%-7.3% -1.0%
3 months +13.4%-7.2%-7.7% +2.9%
6 months +6.0%-17.7%-11.3% +6.4%
Year to date +7.6%-27.1%-10.8% +11.4%
1 year -0.7%-29.7%-5.1% +13.1%
3 years +15.8%+79.8%+140.1% +79.4%
3 years, per year +5.0%+21.6%+33.9% +21.5%
5 years -33.6%-36.5%+14.1% +67.7%
5 years, per year -7.9%-8.7%+2.7% +10.9%
10 years +63.3%—+194.1% +255.2%
10 years, per year +5.0%—+11.4% +13.5%

Risk

MeasureAMTCWKJLLSPY
Volatility, 1Y 28.5%45.5%36.0% 12.7%
Downside volatility, 1Y 28.7%46.0%37.8% 12.7%
Beta vs S&P 500, 1Y -0.061.530.95 1.00
Return / volatility, 1Y -0.02-0.65-0.14 1.03
Max drawdown, 5Y -46.1%-71.8%-55.5% -25.4%
From 52-week high -2.7%-31.3%-23.6% -2.5%
52-week high $194.12$17.20$392.79 $779.14
52-week low $161.11$11.03$280.16 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMTCWKJLL
P/E now vs peer median 25.9xmedian 24.1x 40.1xmedian 20.5x 13.9xmedian 20.5x
P/S now vs peer median 8.0xmedian 6.3x 0.3xmedian 0.7x 0.5xmedian 0.7x
EV/EBITDA now vs peer median 17.7xmedian 16.7x 8.4xmedian 9.9x 9.4xmedian 9.9x
P/FCF now vs peer median 22.2xmedian 18.0x -337.7xmedian 12.3x 12.3xmedian 12.3x
P/B now vs peer median 8.6xmedian 2.3x 1.4xmedian 1.8x 1.8xmedian 1.8x
PEG now vs peer median 0.50median 0.71 0.50median 0.50 0.28median 0.50

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMTCWKJLL
Revenue $10.94B $10.82B $27.43B
Gross profit $10.78B $1.96B –
Operating income $4.90B $477.30M $1.28B
Net income $3.52B $69.10M $997.90M
Free cash flow $3.96B -$8.20M $1.12B
EPS (diluted) $7.29 $0.29 $21.29
Cash & equivalents $1.76B $500.50M $458.20M
Total debt $37.19B $2.66B $8.26B
Shares (diluted) 466.27M 236.30M 46.93M
Enterprise value $80.88B $263.80M $11.96B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMTCWKJLL
P/E 25.9x 40.1x 13.9x
P/FCF 22.2x -337.7x 12.3x
P/Operating cash flow 15.2x 49.8x 10.1x
P/S 8.0x 0.3x 0.5x
P/B 8.6x 1.4x 1.8x
P/Tangible book -23.6x 2.0x 2.0x
EV/EBITDA 17.7x 8.4x 9.4x
EV/EBIT 25.2x 10.3x 12.0x
EV/Revenue 11.3x 0.5x 0.6x
EV/FCF 31.2x -600.9x 13.6x
EV/Operating cash flow 21.4x 88.6x 11.2x
PEG (3Y EPS CAGR) 0.50 0.50 0.28

Growth

14 metrics
MetricAMTCWKJLL
Revenue growth (1Y) 6.6% 11.0% 11.2%
Revenue CAGR (3Y) 5.4% 3.3% 10.1%
Gross profit growth (1Y) 6.5% 8.2% –
Gross profit CAGR (3Y) 5.2% 4.5% –
Operating income growth (1Y) 4.9% 14.2% 38.9%
Operating income CAGR (3Y) 20.1% 22.3% 26.9%
Net income growth (1Y) 164.5% -66.4% 76.7%
Net income CAGR (3Y) 58.7% 81.0% 47.6%
EPS growth (1Y) 164.5% -67.0% 82.5%
EPS CAGR (3Y) 52.1% 79.4% 49.4%
Operating cash flow growth (1Y) 10.1% -65.0% 80.6%
Operating cash flow CAGR (3Y) 9.5% -0.9% 73.7%
Free cash flow growth (1Y) 5.8% -106.5% 99.7%
Free cash flow CAGR (3Y) 18.2% -35.8% 176.7%

Profitability

14 metrics
MetricAMTCWKJLL
Gross margin 98.5% 18.1% –
EBITDA margin 63.7% 5.5% 5.9%
Operating margin 44.8% 4.4% 4.7%
Pretax margin 36.0% 0.9% 4.5%
Net margin 31.1% 0.6% 3.6%
FCF margin 36.2% -0.1% 4.1%
Operating cash flow margin 52.8% 0.5% 5.0%
Return on equity 34.5% 3.5% 13.3%
Return on assets 5.6% 0.9% 5.6%
Return on invested capital 9.2% 7.0% 10.6%
Return on capital employed 9.0% 9.2% 11.9%
Asset turnover 0.2x 1.4x 1.6x
Cash conversion (OCF / net income) 1.6x 0.8x 1.4x
Stock comp / revenue 1.5% 0.5% –

Financial Health

11 metrics
MetricAMTCWKJLL
Debt / assets 58.8% 35.2% 11.0%
Debt / equity 3.6x 1.3x 0.3x
Net debt / EBITDA 5.1x 3.7x 0.9x
Debt / FCF 9.4x -324.2x 1.7x
Liabilities / assets 83.8% 73.2% 56.5%
Equity / assets 16.2% 26.8% 43.5%
Interest coverage 3.5x 2.2x –
Current ratio 0.4x 1.1x 1.1x
Quick ratio 0.3x 0.9x 0.4x
Cash ratio 0.2x 0.2x 0.1x
Altman Z-score 1.20 1.81 3.31

Shareholder Returns

7 metrics
MetricAMTCWKJLL
Dividend yield 3.7% – –
Net buyback yield 0.2% – 4.1%
Shareholder yield 3.9% – 4.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMTCWKJLL
Forward P/E 28.0xFY2026 7.7xFY2026 12.5xFY2026
EPS, next fiscal year $6.75FY2026 $1.53FY2026 $24.04FY2026
EPS growth, next FY +25.0%FY2026 +337.1%FY2026 +27.9%FY2026
EPS growth, the year after -0.3% +14.4% +10.9%
Revenue, next fiscal year $11.51BFY2026 $11.53BFY2026 $30.90BFY2026
Revenue growth, next FY +8.2%FY2026 +12.0%FY2026 +18.3%FY2026
Revenue growth, the year after +4.0% +7.4% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMTCWKJLL
Held by institutions 94.4% 96.0% 93.2%
Institutions holding 1,743 310 661
Change in shares held, QoQ +2.5% +6.0% +0.2%
Institutions buying 860 170 317
Institutions selling 657 99 264
Buyers to sellers 1.31 1.72 1.20

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMTCWKJLL
AMT 1.00 0.09 0.05
CWK 0.09 1.00 0.82
JLL 0.05 0.82 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMT, CWK and JLL?

American Tower (AMT) is the largest by market capitalisation: American Tower (AMT) $87.68B, Cushman & Wakefield (CWK) $2.78B, Jones Lang Lasalle (JLL) $13.88B.

Which stock is cheaper, AMT, CWK and JLL?

Jones Lang Lasalle (JLL) trades on the lowest price-to-earnings ratio (American Tower (AMT) 25.8x, Cushman & Wakefield (CWK) 40.3x, Jones Lang Lasalle (JLL) 13.9x). On next year's consensus earnings, Cushman & Wakefield (CWK) is cheapest (American Tower (AMT) 28.0x, Cushman & Wakefield (CWK) 7.7x, Jones Lang Lasalle (JLL) 12.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Jones Lang Lasalle (JLL) grew revenue fastest over the trailing twelve months: American Tower (AMT) +6.6%, Cushman & Wakefield (CWK) +11.0%, Jones Lang Lasalle (JLL) +11.2%.

Which company is more profitable?

American Tower (AMT) has the highest net margin (American Tower (AMT) 31.1%, Cushman & Wakefield (CWK) 0.6%, Jones Lang Lasalle (JLL) 3.6%). On return on invested capital, Jones Lang Lasalle (JLL) leads (American Tower (AMT) 9.2%, Cushman & Wakefield (CWK) 7.0%, Jones Lang Lasalle (JLL) 10.6%).

Which stock has performed better?

Over the past year American Tower (AMT) returned the most: American Tower (AMT) -0.7%, Cushman & Wakefield (CWK) -29.7%, Jones Lang Lasalle (JLL) -5.1%. Over five years, Jones Lang Lasalle (JLL) compounded fastest (American Tower (AMT) -7.9%/yr, Cushman & Wakefield (CWK) -8.7%/yr, Jones Lang Lasalle (JLL) +2.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, American Tower (AMT) has been the steadiest (American Tower (AMT) 28.5%, Cushman & Wakefield (CWK) 45.5%, Jones Lang Lasalle (JLL) 36.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMT, CWK and JLL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Jones Lang Lasalle (JLL) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.